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20 Tate Ln
Round Rock, TX 78665
Land For Sale · 2.00 AC

INVESTMENT HIGHLIGHTS

  • New construction, 30+ units, connected to city utilities with 100% occupancy
  • Located in one of the fastest growing areas in the country
  • Custom high end finishes
  • 6.4% cap rate - Market cap rate 9.0%

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Office
  • Mixed Use
  • Community Center
  • Convenience Store
  • Daycare Center
  • Healthcare
  • Medical
  • Religious Facility
  • Single Family Development
  • Supermarket
Total Lot Size 2.00 AC
No. Stories 3
Zoning No - Connected to city water/wastewater/trash services/underground utilities....but, located in the ETJ with no zoning, HOA, etc.

DESCRIPTION

New construction completed in June 2023 – Under warranty The property includes 28 individual cottage homes, guest home, a washateria, a maintenance facility, an office/clubhouse, a storage building, and 3 story building @ nearly 4200 sq/ft (Sprinkled), metal roofs, Gutters, Fully integrated sprinkler systems, dog park, custom Firepit/BBQ seating area. ***Close proximity to 17B Samsung facility, Dell headquarters, Amazon, Tesla, Kalahari, several hospitals, Texas A&M, Texas State, TX 130, 45 Toll, IH-35, Hwy 79, etc. 100% occupied with +/- 6 months remaining on all leases – Huge opportunity to increase the cap rate Current rent is only $1,375 for 2-bedroom houses – See attached National Publication article for comparable rent of $2,100 in Round Rock • Connected Fiber Community • Individually metered for utilities – BOTH electric and water • No zoning – Can be leased as short/long term, Airbnb, College housing • NOT in the city, No HOA, ETJ, but connected to city water and wastewater. All electricity underground Construction emphasis: Metal roofs, Spray foam, 2X6 walls, Lawn sprinkler system, Onsite Laundry Facility, Maintenance Facility, Under warranty, LG full-size stainless-steel appliances, Custom finishes, Smart locks, integrated security system, and much more. ****This property is for sale by owner – Joseph Claypool 737-786-3678, joseph.j.claypool@gmail.com ALL Houses are occupied – Please DO NOT contact occupants without an appointment No wholesalers – end buyer only Business Insider article: https://www.businessinsider.com/tiny-home-community-near-austin-texas-photos-2023-10#while-these-residents-are-now-settled-in-this-might-not-be-the-end-of-claypool-s-tiny-home-journey-17

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R055326
Land Assessment
$432,274
Improvements Assessment
$5,117,726
Total Assessment
$5,550,000
  • Listing ID: 30672883

  • Date on Market: 1/16/2024

  • Last Updated:

  • Address: 20 Tate Ln, Round Rock, TX 78665

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